Accounting Books

The chronological record (day-by-day) of business transactions.

• Accounting

• Ledger

• Journal

• Book

It is called the book of original because it is the accounting record in which financial transactions are first recorded.

• Accounting

• Ledger

• Journal

• Book

It is also called the “book of final entry” because all the balances in the ledger are used in the preparation of financial statements.

• Accounting

• Journal

• General Ledger

• Book

It is referred to as the T-Account because the basic form of a ledger is like the letter “T”.

• Accounting

• Journal

• General Ledger

• Book

What do you call the simplest type of journal?

• General Journal

• General Ledger

• Special Journal

• Sales Journal

It is the process of recording a transaction.

Enumerate the three examples of Special Journal.